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240 Miramar Avenue, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 7 bed, 9 bath

240 Miramar Avenue, SANTA BARBARA, CA 93108 home-pic-0
ACTIVE$17,950,000/sqft
240 Miramar Avenue, SANTA BARBARA, CA 93108
7Beds
9Baths
Sqft
82,328.398Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 82328, living area = 8089.
Top Cons:
High Price Point: With a list price of $17.95 million, the property targets a very exclusive buyer demographic, potentially limiting the pool of interested parties.

Compared to the nearby listings

Price:$17.95M vs avg $6.00M (+$11,950,000)96%
Size: sqft vs avg 2,795 sqft25%
Price/sqft:$0 vs avg $1.4K36%

More Insights

Built in 1900 (126 years old).
Condition: While this luxurious estate is impeccably maintained and boasts high-quality materials throughout, the last extensive renovation by Peter Becker was in 2001, making it 23 years old. This falls within the 'renovated between 15 to 30 years ago' criteria for a 'Fair' rating. The kitchen, with its light wood cabinetry, brick-patterned tile floor, and traditional appliances, along with the bathrooms featuring pedestal sinks, hexagonal tiles, and classic fixtures, reflect a style consistent with the early 2000s. Although pristine, these elements, while classic, are not contemporary and may be considered outdated by today's luxury standards, aligning with the 'show signs of being outdated' aspect of the 'Fair' definition. The property is in excellent physical condition for its age, but the age of the design and finishes prevents it from being classified as 'Good' or 'Excellent' based on the provided renovation timeline criteria.
Year Built
1900
Close
-
List price
$17.95M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25-1573
Home ConditionFair
Features
Good View:
Deck
Pool
Patio
View-

About this home

Nestled in the heart of Montecito, 240 Miramar Avenue is a rare gem, offering ultimate privacy and beauty. Originally the farmhouse of the famed Hedge Row estate, this 1.9-acre property is completely surrounded by hedges and fences, with two private gated entrances providing both seclusion and security. Designed by renowned architect Peter Becker in 2001, the Hampton-style shingle Cape Cod home spans 9,000 square feet, featuring seven bedrooms (potential for eight), eight full bathrooms, and six fireplaces. The master suite is a luxurious retreat with separate bathrooms for him and her, expansive walk-in closets, and a Jacuzzi tub. Entertain in style with a billiards room, formal dining and living rooms, a great room, and a bar area. The grounds are a serene paradise with over 100-year-old heirloom rose bushes, fruit trees, and 15 mature trees. A sparkling pool, three formal fountains, and a lighted bocce ball court enhance the outdoor experience. The home also includes a formal outdoor kitchen with a barbecue, two under-counter refrigerators, an outdoor shower, and a pet washing station. Additional amenities include a three-car garage, separate "She Shed," gardener's shed, and a complete security system. With a private road and a private well feeding the pool and landscape, this estate offers unrivaled luxury and privacy in one of Montecito's most sought-after locations.

T
Tricia Pennestri
Listing Agent
Condition Rating
Fair
While this luxurious estate is impeccably maintained and boasts high-quality materials throughout, the last extensive renovation by Peter Becker was in 2001, making it 23 years old. This falls within the 'renovated between 15 to 30 years ago' criteria for a 'Fair' rating. The kitchen, with its light wood cabinetry, brick-patterned tile floor, and traditional appliances, along with the bathrooms featuring pedestal sinks, hexagonal tiles, and classic fixtures, reflect a style consistent with the early 2000s. Although pristine, these elements, while classic, are not contemporary and may be considered outdated by today's luxury standards, aligning with the 'show signs of being outdated' aspect of the 'Fair' definition. The property is in excellent physical condition for its age, but the age of the design and finishes prevents it from being classified as 'Good' or 'Excellent' based on the provided renovation timeline criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 82328, living area = 8089.
Prime Location & Privacy: Nestled in the heart of Montecito, the property offers ultimate privacy and security with two private gated entrances and a private road, a highly sought-after feature.
Architectural Pedigree & Design: Designed by renowned architect Peter Becker in 2001, this Hampton-style shingle Cape Cod home boasts a timeless and desirable aesthetic.
Expansive Luxury Living: Spanning 9,000 square feet with 7 bedrooms, 8 bathrooms, 6 fireplaces, a luxurious master suite, and extensive entertainment spaces including a billiards room and bar area.
Resort-Style Grounds & Amenities: The 1.9-acre property features exquisite landscaping with mature trees, heirloom roses, a sparkling pool, three formal fountains, a lighted bocce ball court, and a formal outdoor kitchen.
Historical Significance & Self-Sufficiency: Originally the farmhouse of the famed Hedge Row estate, it offers a unique pedigree, enhanced by a private well feeding the pool and landscape for added self-sufficiency.

Cons

High Price Point: With a list price of $17.95 million, the property targets a very exclusive buyer demographic, potentially limiting the pool of interested parties.
Extensive Maintenance Requirements: The 9,000 sq ft home, 1.9-acre elaborate grounds, pool, fountains, and multiple auxiliary structures will necessitate significant ongoing maintenance and operational costs.
Specific Architectural Style & Age Perception: While beautifully designed in 2001, the Hampton-style Cape Cod and the original 1900 build year might not align with all ultra-luxury buyers seeking contemporary designs or entirely new construction.
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